Saturday 25 May 2019

Profits at State Street hit €105m


Stock photo: Depositphotos
Stock photo: Depositphotos

Gordon Deegan

The main Irish arm of US-owned financial services firm State Street last year recorded pre-tax profits of €105m.

New accounts filed by State Street International (Ireland) Ltd show that the firm recorded the profit after it received dividends of €105m from subsidiaries.

The accounts show that the company received dividends of €55m from State Street Custodial Services Ireland Ltd and €50m from State Street Fund Services (Ireland) Ltd.

Revenues at the company increased from €174m to €177m in the 12 months to the end of December last. The firm generated the revenues of €177m through management fee income.

Irish Independent

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